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Morocco benefits as Trump halts fertilizer duties
U.S. President Donald Trump issued a presidential proclamation that includes a waiver of import tariffs on Moroccan phosphate fertilizers for eight months, aiming to reduce fertilizer prices and support local agricultural production after the American company "Mosaic" was accused of monopolistic practices and price hikes. This move was taken to address a crisis that has persisted since 2020, during which the United States imposed protective tariffs on Moroccan fertilizers, resulting in losses estimated at over $6.9 billion for farmers and threatening its food security. The decision underscores Morocco's importance as a major source of phosphate globally and its ability to assist in stabilizing the U.S. food market.
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